Cost Baseline and Funding Requirements

This assignment outlines the process of establishing a cost baseline and determining funding requirements for a project. It details various activities within planning & reporting, designing & manufacturing signage, and installation, along with their respective costs. A breakdown of monthly and cumulative costs is provided, highlighting the financial aspects throughout the project lifecycle. The document also explores the concept of gate management and specifies the funding required at each stage of the project, including a 20% management reserve.

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Student’s name
Name of university
9/19/20172017
COST BASELINE & FUNDING REQUIREMENTS
OUR LANGUAGE IS IMPORTANT

Cost Baseline (Pmp-preparation, 2008)
COST BASELINE
WB
S
Activities Februar
y
March April May June July August Septembe
r
Octobe
r
Novembe
r
1 Planning & Reporting
1.1 Develop Planning
documents
$5,000 $5,000 $5,000
1.2 Start progress
reporting
$1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500
2 Designing Signs &
Manufacture the
Boards
2.1 Design Signage $10,00
0
2.2 Manufacture them
with Sign Boards &
deliver
$12,00
0
$5,000
3 Installation
3.1 Erect at site $3,000 $3,000 $3,000 $3,000
3.2 Handover $1,000
Monthly Total $5,000 $5,000 $5,000 $11,50
0
$13,50
0
$6,500 $4,500 $4,500 $4,500 $5,500
Cumulative Total $5,000 $10,00
0
$15,00
0
$26,50
0
$40,00
0
$46,50
0
$51,00
0
$55,500 $60,00
0
$65,500
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Funding Requirement (APM (Association for Project Management), 2017)
FUNDING REQUIREMENTS
Gate Funding Required
Planning & Reporting $25,500.00
Designing gate $10,000.00
Manufacturing gate $17,000.00
Installation gate $12,000.00
Handover gate $1,000.00
Management Reserve (20% of Cost Baseline) $13,100.00
Total Funding Requirements $78,600.00
References
1 BIBLIOGRAPHY
APM (Association for Project Management). (2017). Funding. Retrieved September 18, 2017, from www.apm.org.uk: https://www.apm.org.uk/body-of-
knowledge/delivery/financial-cost-management/funding/
Pmp-preparation. (2008, February 21). What is Cost Baseline? Retrieved September 18, 2017, from http://pmp-preparation.blogspot.in: http://pmp-
preparation.blogspot.in/2008/02/what-is-cost-baseline.html
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